Quote from: Zigabel on January 13, 2024, 04:14:24 PM

Quote from: Obari on January 19, 2023, 06:30:48 PM

Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?

Going into trading with such mentality is a sign already that you shouldn't be trading because you will definitely not become successful and profitable enough as you should be. Trading isn't a get rich quick scheme rather its a Skill that when you become proficient at it you can make a living out of it by trading but if you are more focused on getting rich first than learning the skill then there's all probability that profitability on that skill will be far away from you because those who got rich trading had to learn first because they started trading profitably and became rich.

No skill gets anyone rich almost immediately but with continuous practice and maintaining a good level of proficiency your skill automatically makes you money and if you have got a good money management skills then getting rich wouldn't be a problem.

On the time that you are really that starting this journey with having that kind of mentality then just like on what you have said that this would really be ending up on miserable on which we do know that
once you do have those kind of expectations then you would really be definitely be having that kind of anticipations on which it might lead up into desperation on which you would really be keeping on pushing it out.
Trading skill isnt something that you could really be able to get or gained in a short period of time on which there's no way that you could really be able to make yourself that determine for being profitable.
Dont rush up yourself on learning it because this is where mistakes do usually be starting on on which on the time that you are being that optimistic.

This is why it would really be always best that you should really be at least realistic on things that you are really dealing.Dont set your hopes that high so that you wont really be on a haste.
You should really be that be in focus and not really that aiming for the sake of money and should really be at least having that goal and targets
without setting them too high.